Crypto Circle Liying: 6.30 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　The current price of Bitcoin is 59800. From the chart, the previous sharp drop scattered the popularity, and now, although it has stabilized slightly, it is clear that the bulls do not have much strength to launch a counterattack. The current market is a typical garbage time, with the main force testing patience. The technical indicators and moving average system present a bearish arrangement, and the overall trend is still downward. The MACD indicator is in a technical recovery after being oversold, rather than a reversal signal, with insufficient momentum. The Bollinger Bands run between the middle and lower bands, and although the opening has shrunk, the middle band at 60465 constitutes a direct resistance level. As long as it cannot effectively maintain position above the middle band, the overall pattern will still be a weak oscillation and may retest the bottom at any time.

　　Short-term trading ideas reference:

　　Buy points at 58000-57000, stop loss at 56500, target 59000 aiming at 60500.

　　Sell points at 61500-62000, stop loss at 62500, target 60500 aiming at 60000.

　　Ethereum

　　Before publishing, the current price of Ethereum is 1575, and the trend really makes people anxious yet a bit hopeful. The price seems to have found support around 1510 and is no longer making new lows, starting to consolidate sideways. The current price is 1579, caught right between several moving averages, like a spring compressed to its extremes, gathering energy. This is the time that tests patience the most; the main force is washing the market, and the technical indicators show that the moving average system is currently in a sticky state after a bearish arrangement, and the overall trend has not completely reversed. The MACD indicator is a typical repair signal after a bottom divergence, indicating that the downward momentum is exhausting. The Bollinger Bands are dramatically narrowing, and the price is running near the middle band, which usually signals a change in the market. Once there’s a volume breakout above the middle band and it stabilizes, the room above will be opened up.

　　Short-term price references:

　　Buy points at 1540, with defense at 1500, stop loss at 1450, target 1600 aiming at 1650.

　　Sell points at 1650, with defense at 1700, stop loss at 1750, target 1600 aiming at 1550.

　　The above content is exclusively created by Liying; please indicate the source when reprinting! There may be a delay in article publication review, and the market is ever-changing, the above suggestions are for reference only and risks are borne by oneself.

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